On September 11, ZIJIN MINING fell 5.2% in regular trading, trading at 35.04 HKD/share, with turnover of 237 million HKD. The decline was triggered by a sharp selloff in COMEX copper futures, which plunged over 4%, directly pressuring mining stocks with significant copper exposure.
The immediate catalyst was a stalling of the US refined copper tariff plan, which sharply cooled policy expectations. The prior copper rally had been heavily driven by tariff anticipation, with traders stockpiling copper in the US and creating artificial tightness in non-US markets. As that policy premium dissipated, leveraged long positions unwound rapidly. As a top-four global copper producer, ZIJIN MINING's earnings outlook is highly sensitive to copper price swings.
The broader Diversified Metals and Mining sector came under systemic selling pressure. Among sector peers, MMG fell 8.5%, CMOC fell 7.73%, WANGUO GOLD GP fell 3.81%, JIAXIN INTL RES fell 3.5%, and XINXIN MINING fell 3.02%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)